Credit Card Fraud

Visa will begin asking card holders to opt in to a new service in April 2015 that could help reduce credit card fraud - if consumers allow their smartphones to be tracked whenever they make a purchase.

6,159 people were questioned by ACI Worldwide in 20 countries around the world, on a range of topics including incidents of fraud, risky behaviours which may put people at greater fraud risk, the issuing of replacement payment cards in response to data breaches, and satisfaction with banks' security processes and handling of fraud incidents.

A joint operation between French and Bulgarian law enforcement, backed by Europol's European Cybercrime Centre, has brought down a carding gang operating out of Bulgaria and targeting victims in France and other European countries.

The US retail giant Target confirmed that cyber crooks may have gotten their hands on about 40 million credit and debit card accounts starting the day before Thanksgiving - 27 November - on into the heart of Christmas shopping mania, through until Sunday, 15 December.

The Boston Convention & Exhibition Center denies the security breach happened inside its building, while many convention-goers said they used their credit cards at shops, hotels and restaurants in the Seaport area of the city.

The commissioner says they're finding drugs that sometimes have either 0% or too much of the active ingredient that people need for disease treatment. On top of the drugs being illegitimate, consumers are too put at risk for online fraud and malware.

The FBI charged 28 and arrested 24 in the bust of a major internet credit card fraud ring today. The accused were involved in a large variety of fraud schemes involving 411,000 credit cards and over $205 million.

Wyndham Hotels is being sued by the US Federal Trade Commission for lax security measures. Will suits like this raise concerns among other organizations that are careless with our personal information?

The fallout from the breach of payment card processor Global Payments continues to widen, yet more information does not bring more clarity. Banks are uncovering more fraud related to the incident, but information about the theft is not being released by Global Payments.

Cybercrime is big business these days, in fact it's an industry. So it's not a surprise to find that criminals are embracing ecommerce. But some will be surprised to discover just how professional and legitimate criminal websites can appear.

David Schwartzberg is this week's guest on the Chet Chat to talk about the data breach at Global Payments, a new Mac botnet and Flash Player updating. David also explained the new AES-NI encryption acceleration in Intel chips and a new way to safely store files in the cloud.

The US Department of Justice has indicted and arrested four Romanians for credit card fraud perpetrated against Subway restaurants and other retailers concluding a three year investigation. Looks like default/easily cracked passwords enabled another needless theft.

SophosLabs has been tracking an increase in targeted attacks focused on hospitality and education organizations. The malware steals credit card data directly from memory for later retrieval by the criminals involved.